Trafigura and Ex-COO Convicted of Bribery by Swiss Court
- Switzerland is a global hub for commodity trading firms
- Trafigura and its former COO were both indicted at end of 2023
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Trafigura and its former chief operating officer were convicted by a Swiss court on bribery charges, the first time a senior executive at a major commodity trading house has been found guilty of corruption.
Mike Wainwright, Trafigura’s ex-COO, was sentenced to 32 months in jail, of which 20 months are suspended, the Federal Criminal Court ruled on Friday in Bellinzona, Switzerland.